4319 Hwy 11 N

North Bay | | P1B 8G3
  • 9
  • 13
  • 0

$1,140,000

Est. Mtg $3,865 /mo
  • Days on market

    345

  • Status

    New

Listing Broker REALTY EXECUTIVES LOCAL GROUP, BROKERAGE
Since listed: 0 views

Home details

MLS #:

X7406030

Property type:
Multiplex
Style:
Other
Taxes:
$9,545
Possession:
TBA
Lot Front:
210.0   Feet
Lot Depth:
210.0   Feet
Basement:
None |
Driveway Pkg:
18
Heat:
Electric | Baseboard

Description


4319 Hwy 11 N, , North Bay, Ontario is a Multiplex property in North Bay and in the community in the P1B 8G3 postal code


TURNKEY CASH FLOWING 13 UNIT RESIDENTIAL COMPLEX SITTING ON 1 ACRE CONSISTING OF NEWLY RENOVATED 3 BEDROOM STAND - ALONE HOUSE, AND A 12 UNIT CONVERTED MOTEL REZONED IN 2022 WITH 11 BACHELOR UNITS AND 1 X 1 BEDROOM UNIT. GROSS RENTS ARE $133,962 WITH EXPENSE CALCULATION INCLUDING PROPERTY MANAGEMENT, VACANCY & MAINTENANCE EQUALLING $48,402 GIVING A NET INCOME BEFORE MORTGAGE OF $82,218 THIS COMPLEX HAS ONLY 7 UNITS CLOSE TO OR AT MARKET RENT GIVING THE NEW OWNER ROOM TO LIFT THEIR INVESTMENT WHEN THE REMAINING 5 TENANTS MOVE OUT. MANY SUPPORTING DOCS ON INCLUDING NEW SHINGLES WITH ICE GUARD TO PEAK 2023, SITE PLAN CONTROL SHOWING ALL BUILDINGS PARKING ETC., WATER TESTING & WELL REPORTS, ZONING CONFIRMATIONS, FIRE RETROFIT 2014 AND OF COURSE A DETAILED INCOME & EXPENSES REPORT. 3 BEDROOM HOUSE JUST RECEIVED OCCUPANCY PERMITS FROM THE CITY, PREVIOUS FIRE REMEDIATION AND RECENTLY RENOVATED. 20 ROOMS, 13 KITCHENS, 13 X 3 PC BATHROOMS..

Extras

**INTERBOARD LISTING: NORTH BAY REAL ESTATE BOARD**.


History

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List Date End Date List Price End Price Status MLS #
2023-12 2024-04 $1,140,000 $1,140,000 New X7406030
2024-04 $1,140,000 $1,140,000 X7405856

Comparables

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sold Date Address List Price sold Price DOM
2024-02 16 Dufferin St, $2,999,900 $2,850,000 120
2023-09 38-42 Court St, $1,440,000 $1,600,000 1
2022-06 291 Mill St, $1,500,000 $1,600,000 57
2022-02 18 Langton Rd, $950,000 $1,150,000 0
2021-12 5325 Van Alstyne Pl, $2,399,900 $2,200,000 34

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

North Bay :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 4319 Hwy 11 N

Based on available 3rd party data

$4795

Approximate costs per month

Mortgage
$3865 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$795 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker REALTY EXECUTIVES LOCAL GROUP, BROKERAGE
Data Source: TRREB

Payment calculator

$4660 monthly. In association with: TD Bank
%
  • Principal and Interest
    3865 /mo
  • Property Taxes
    $795 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Ben Pourkamali, Realtor

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